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VICI PROPERTIES INC. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Income from sales-type leases $ 375,169 $ 291,132 $ 701,904 $ 581,278
Income from lease financing receivables and loans 261,721 69,996 334,599 140,373
Other income 15,563 6,987 23,949 13,961
Golf revenues 10,170 8,285 18,796 15,098
Total revenues 662,623 376,400 1,079,248 750,710
Operating expenses        
General and administrative 11,782 7,628 21,248 15,713
Depreciation 779 757 1,555 1,549
Other expenses 15,563 6,987 23,949 13,961
Golf expenses 5,859 5,232 11,144 9,738
Change in allowance for credit losses 551,876 (29,104) 632,696 (33,484)
Transaction and acquisition expenses 16,664 791 17,419 9,512
Total operating expenses 602,523 (7,709) 708,011 16,989
Income from unconsolidated affiliate 15,134 0 15,134 0
Interest expense (133,128) (79,806) (201,270) (156,854)
Interest income 780 30 873 49
(Loss) income before income taxes (57,114) 304,333 185,974 576,916
Income tax expense (1,027) (1,256) (1,427) (1,740)
Net (loss) income (58,141) 303,077 184,547 575,176
Less: Net loss (income) attributable to non-controlling interests 435 (2,368) (1,870) (4,666)
Net (loss) income attributable to common stockholders $ (57,706) $ 300,709 $ 182,677 $ 570,510
Net (loss) income per common share        
Basic (in dollars per share) $ (0.06) $ 0.56 $ 0.23 $ 1.06
Diluted (in dollars per share) $ (0.06) $ 0.54 $ 0.23 $ 1.04
Weighted average number of shares of common stock outstanding        
Basic (in shares) 896,545,880 536,692,167 791,029,664 536,586,921
Diluted (in shares) 896,545,880 554,438,981 793,224,837 549,620,976
Other comprehensive income        
Net (loss) income $ (58,141) $ 303,077 $ 184,547 $ 575,176
Reclassification of derivative gain to Interest expense (4,159) 0 (4,159) 0
Unrealized gain on cash flow hedges 91,939 9,328 200,550 21,706
Comprehensive income 29,639 312,405 380,938 596,882
Comprehensive loss (income) attributable to non-controlling interest 487 (2,368) (1,818) (4,666)
Comprehensive income attributable to common stockholders $ 30,126 $ 310,037 $ 379,120 $ 592,216